Key Takeaways
- Tether issued a second $100,000 grant to the BTCPay Server Foundation.
- BTCPay Server is an open-source payment processor supporting Bitcoin and USD₮.
- Tether also funds other FOSS tools like Holepunch, Keet, and Wallet Development Kit.
Tether has provided a $100,000 grant to the BTCPay Server Foundation, marking its second consecutive year of funding the open-source Bitcoin payment processor.
The move is part of Tether’s broader support for Free and Open Source Software (FOSS) initiatives.
BTCPay server’s capabilities
BTCPay Server allows individuals and businesses to accept Bitcoin and USD₮ payments through a self-hosted platform that operates without intermediaries.
The system also integrates with technologies like the Lightning Network to enhance functionality.
Impact of the grant
According to the foundation, the grant will help improve the platform’s development, user experience, and privacy capabilities.
Rockstar Dev, a founding member of the BTCPay Server Foundation, noted:
Tether continues to recognize the value of FOSS… this second grant to BTCPay Server Foundation reaffirms a commitment to decentralized payments.
Statements from Tether leadership
Tether CEO Paolo Ardoino echoed that sentiment, stating:
This new grant… reflects our respect for the cypherpunk principles that bolster the digital asset movement. It provides financial support and reinforces our commitment to building decentralized, censorship-resistant financial infrastructure.
Broader open-source support
This contribution is part of Tether’s ongoing funding of open-source projects.
In addition to BTCPay Server, it has supported platforms such as Holepunch (for peer-to-peer app development), Keet (a decentralized messaging tool), and the Wallet Development Kit for Bitcoin and USD₮ integration.
Alignment with Tether’s strategy
Tether has emphasized that these efforts are aligned with its strategy to promote decentralized finance and open-access digital infrastructure.
